Trend is still up folks...equities AND the EUR/USD. So I am going to do a swing trade and look to go long at 1.4248 which would be a 38% retracement from it's most recent high of 1.4330. RSI is high on the 4H and daily charts, so this trade should be successful.
On May 28, look what happened the last time we had a 38% Fibonacci retracement from that particular low (clicking on the chart gives you a clearer view):
On May 28, look what happened the last time we had a 38% Fibonacci retracement from that particular low (clicking on the chart gives you a clearer view):
When you look at your hourly chart, you will notice that 1.4248 is also where the 21 day EMA is.
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